Reinsurance News
Aon advises on pension risk settlement for Mouchel Business Services Scheme
27th February 2026
Aon, an international professional services firm, has advised the Mouchel Business Services Limited Pension Scheme (Money Purchase Section) (MBS-MP), sponsored by Kier Group, on a transaction to secure all members’ benefits with Just Group, with the arrangement being supported by the Smart Pension Master Trust. The Mouchel Money Purchase Section operated ... Read the full article
Ascot adds Walch-Watson and Gallagher to Board of Directors
27th February 2026
Ascot Group Limited, a global specialty insurance company based in Bermuda, has announced the appointment of Patrice Walch-Watson and Christopher Gallagher to its Board of Directors. Kewsong Lee, Chairman of the Board of Ascot Group Limited, commented on the appointments: "Patrice and Chris are exceptional executives whose combined leadership, insights, and ... Read the full article
AM Best upgrades outlooks to positive for Starr subsidiaries
27th February 2026
AM Best has upgraded the outlooks to positive from stable and reaffirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” (Excellent) for the insurance subsidiaries of Starr International Company, Inc., the Switzerland-based private investment holding company. The rating actions apply to the member companies ... Read the full article
1089 collaborates with Price Forbes & Oka to launch carbon asset insurance framework
27th February 2026
1089 Inc., a carbon asset infrastructure company, has collaborated with Price Forbes and Oka to introduce a carbon asset insurance framework for the transportation and energy sectors. The framework is designed to bring institutional safeguards, disciplined financial architecture, and verifiable data integrity to carbon markets. It offers defined risk coverage for 1089’s ... Read the full article
Oman Re and Gallagher Re support new mandatory nat cat cover for motor insurance
27th February 2026
The Sultanate of Oman has introduced mandatory natural catastrophe coverage within the Unified Motor Insurance Policy, the first such initiative in the Gulf Cooperation Council (GCC) region, developed through close collaboration with Oman Re, Gallagher Re, and the Oman Insurance Association. Driven by the Financial Services Authority, the new framework became ... Read the full article
Gen AI could unlock $50-$70bn in insurance revenue, estimates McKinsey & Company
27th February 2026
McKinsey & Company, a management consulting firm, argues that artificial intelligence (AI) represents one of the most significant opportunities for value creation within the insurance industry. In its analysis, McKinsey & Company maintains that the sector’s structural characteristics, including fragmented workflows and extensive repositories of structured and unstructured data, position it ... Read the full article
The Baldwin Group sees total revenue increase 8% to $1.5bn in 2025
27th February 2026
Following what it described as a “year of significant progress” in 2025, The Baldwin Group has reported total revenue of $1.5bn, an increase of approximately 8% year on year, and authorised a $250m share repurchase programme. Despite the top-line improvement, Baldwin recorded a GAAP net loss of roughly $54 million for ... Read the full article
Bishop Street Underwriters gets $125m funding from White Mountains
27th February 2026
Bishop Street Underwriters, a RedBird Capital Partners portfolio company, has received a strategic structured capital investment of $125 million by White Mountains Insurance Group, Ltd. Recently, in its 2025 result announcement, Bishop Street disclosed that it surpassed $650 million in gross written premium while having a sub-50% portfolio loss ratio. Earlier this ... Read the full article
Geopolitical shifts present strategic challenges and opportunities, says Marsh
27th February 2026
Marsh, a firm specialising in risk, reinsurance, capital, and management consulting, has highlighted the growing challenges posed by an accelerating geopolitical transition. According to Marsh, this period represents a level of complexity not seen in decades, with implications for trade, finance, conflict, and digital infrastructure. Marsh suggests that organisations that view this ... Read the full article
Exzeo Group announces flood insurance partnership with Tokio Marine Highland
27th February 2026
Exzeo Group, Inc., a technology-driven insurance distribution and services company, has announced a strategic partnership with Tokio Marine Highland, a wholly owned subsidiary of Tokio Marine Kiln, an international specialty insurer. Through this agreement, Exzeo will distribute TMH2O, Tokio Marine Highland’s primary residential flood insurance product. The addition of TMH2O expands ... Read the full article
VIG Re becomes an Associate Member of the SRA
27th February 2026
VIG Re, the reinsurance arm of Vienna Insurance Group, has announced that it has become an Associate Member of the Singapore Reinsurers’ Association (SRA). Established in 1979, the SRA plays a key role in fostering dialogue, professional excellence, and collaboration across the re/insurance industry. VIG Re said that joining the association marks ... Read the full article
Despite some taking more risk, Swiss Re’s ‘share of wallet didn’t reduce’ at Jan renewal: CEO Berger
27th February 2026
Although some large buyers of reinsurance decided to take more risk at the January 1st renewal season, global reinsurer Swiss Re's share of wallet in the market didn't reduce as buyers still need lead reinsurance partners, according to Andreas Berger, Group Chief Executive Officer (CEO) at Swiss Re, one of ... Read the full article
Marc Roston joins Hamilton’s Board of Directors
27th February 2026
Hamilton Insurance Group Ltd., a Bermuda-based insurer and reinsurer, has announced the appointment of Marc Roston to its Board of Directors as a shareholder director by Magnitude Capital, LLC. Roston replaces Hawes Bostic, who has served on the Hamilton Board since 2022 and is currently Chief Investment Officer at Magnitude Capital. Roston ... Read the full article
Saudi Re’s revenue increases 48% in 2025, net profit stands at SAR 140m
27th February 2026
MENA-region reinsurer Saudi Re has announced its financial results for the full year 2025, reporting SAR 1.67 billion in revenue, a 48% increase compared to the same period of the previous year. According to the firm, this growth was supported by expansion across multiple business lines, both domestically and internationally. While revenue ... Read the full article
Swiss Re to nominate former Hannover Re CEO Henchoz to serve as Board member
27th February 2026
Global reinsurer Swiss Re's Board of Directors plans to nominate Jean-Jacques Henchoz, the former Chief Executive Officer (CEO) of large reinsurer Hannover Re, for election as a new, Non-Executive and Independent member of the Board. The appointment is expected to last for a one-year term. Simultaneously, Larry Zimpleman, who has served ... Read the full article
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